Instruction: Fill in the blanks. Do not use thousand seperator, use 2 decimal places only. Which...

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Instruction: Fill in the blanks. Do not use thousand seperator, use 2 decimal places only. Which among the following (simple)

business finance

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Answer 1

Answer #1

	Option 1	Option 2	Option 3	Option 4
P	150	100	175	200
i	8.00%	12.00%	4.00%	2.00%
Period	12	12	12	12
t(years)	2	2	2	2
n	24	24	24	24
Excel formula	=FV(8%/12,24,-150,,0)	=FV(12%/12,24,-100,,0)	=FV(4%/12,24,-175,,0)	=FV(2%/12,24,-200,,0)
F	3,889.98	2,697.35	4,365.01	4,893.13

	The best option number is		4

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Answer 2

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